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A07064 Summary:

BILL NO    A07064 

SAME AS    SAME AS S02531

SPONSOR    Magee

COSPNSR    

MLTSPNSR   

Add S4-a, Cons Dists L

Establishes a drain tile revolving loan fund; provides low interest loans to
farmers.
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A07064 Text:

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________

                                         7064

                              2015-2016 Regular Sessions

                                 I N  A S S E M B L Y

                                    April 23, 2015
                                      ___________

       Introduced  by M. of A. MAGEE -- read once and referred to the Committee
         on Agriculture

       AN ACT to amend the  soil  and  water  conservation  districts  law,  in
         relation to establishing a drain tile revolving loan program

         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:

    1    Section 1. The soil and water conservation districts law is amended by
    2  adding a new section 4-a to read as follows:
    3    S 4-A. DRAIN TILE REVOLVING  LOAN  PROGRAM.  1.  THE  SOIL  AND  WATER
    4  CONSERVATION COMMITTEE SHALL ESTABLISH AND MAINTAIN A DRAIN TILE REVOLV-
    5  ING  LOAN  PROGRAM  TO  PROVIDE  LOW  INTEREST  LOANS TO FARMERS FOR THE
    6  PURPOSE OF ENHANCING THEIR FARM FIELDS WITH  DRAIN  TILE.  SUCH  PROGRAM
    7  SHALL PROVIDE LOW INTEREST LOANS TO FARMERS FOR SUCH DRAIN TILE PROJECTS
    8  AS  THE  COMMITTEE  SHALL  DEEM TO BE ELIGIBLE PURSUANT TO RULE OR REGU-
    9  LATION.
   10    2. THE COMMITTEE  SHALL  PROMULGATE  RULES  AND  REGULATIONS  FOR  THE
   11  PURPOSE OF CARRYING OUT THE PROVISIONS OF THIS SECTION, INCLUDING ESTAB-
   12  LISHING:
   13    A. AN APPLICATION PROCESS WHEREBY FARMERS MAY APPLY FOR LOANS;
   14    B. CRITERIA AND STANDARDS FOR DETERMINING A FARMER'S ELIGIBILITY FOR A
   15  LOAN;
   16    C.  CRITERIA  AND STANDARDS FOR DETERMINING THE PRIORITY TO BE GRANTED
   17  AMONG DRAIN TILE PROJECTS;
   18    D. CRITERIA AND STANDARDS FOR  DETERMINING  THE  AMOUNT  OF  FINANCIAL
   19  ASSISTANCE TO BE PROVIDED TO A FARMER FOR A DRAIN TILE PROJECT; AND
   20    E. CRITERIA AND STANDARDS TO BE USED IN DETERMINING THE LOAN REPAYMENT
   21  PERIODS AND THE TERMS OF ANY REPAYMENT AGREEMENTS.
   22    3.  THE AMOUNT OF FUNDS IN THE DRAIN TILE REVOLVING LOAN PROGRAM SHALL
   23  BE SUBJECT TO A BUDGETARY APPROPRIATION.

        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD05618-01-5
       A. 7064                             2

    1    4. THE COMMITTEE MAY PROVIDE LOW INTEREST LOANS TO FARMERS WITHIN  THE
    2  AMOUNTS  AVAILABLE  IN  THE  DRAIN  TILE REVOLVING LOAN FUND ESTABLISHED
    3  PURSUANT TO THIS SECTION.
    4    S 2. This act shall take effect on the one hundred eightieth day after
    5  it  shall have become a law; provided, however, that any rules and regu-
    6  lations necessary to implement the provisions of this act on its  effec-
    7  tive date are authorized to be made on or before such date.
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